4801 Olympia Park PlzLouisville, KY 40241

Property Details for 4801 Olympia Park Plz

Year built

2001

Construction

TILT-UP CONCRETE

Lot size

8.33 AC

Property size (Sq ft)

124,760 SF

Zone code

OR3-OFFICE/RESIDENTIAL

Property type

Office buildings

APN

21328600090000

APU

21328600090000

Description

This exceptional Class A office building, located at 4801 Olympia Park Plaza in Louisville, Kentucky, presents a rare investment opportunity. The 125,000 square foot property, built in 2001, boasts a 100% occupancy rate and a consistent history of high occupancy exceeding 95% since its construction. Situated on a 6.93-acre lot within the OR-3 Office/Residential District (APN 328600090000), this multi-tenant building offers unparalleled visibility and accessibility. Its prime location at the intersection of I-71 and I-265 ensures convenient access for tenants and clients alike. Ample parking is provided with 477 spaces. The property's superior location, combined with its impressive occupancy rate and history of strong performance, makes it a highly desirable asset. This is a unique chance to acquire a premier Kentucky office building below replacement cost, offering a strong return on investment. The building's NNN lease structure further enhances its appeal to discerning investors. The Jefferson County location and 40241 zip code add to its desirability. This fully leased executive office space represents a secure and lucrative investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $19,026,658

  6.5%

  $17,563,070

  7%

  $16,308,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,739,341

  Geo Method

  $10,739,341

• Alternative Use

  Use

  Valuation

  Residential

  $21,778,206

  Hospitality

  $19,948,720

  Educational

  $16,597,101

  Medical

  $17,167,900

  Retail

  $25,817,712

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.3119

Longitude

-85.5811

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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